Brazil Inova Energia Program

Last updated: 5 November 2017
The Inova Energy Plan was a program financed by the National Development Bank - Banco Nacional de Desenvolvimento Economico e Social (BNDES), Brazilian Innovation Agency - Financiadora de Estudos e Projetos (FINEP), and National Agency for Electricity - Agencia Nacional de Energia Eletrica (ANEEL).
The goal of the program was to boost cooperation and knowledge sharing between companies and technology institutes in fields of smart grids, renewable energy, and hybrid and energy efficient vehicles. Inova provided support in form of grants and soft loans.
The credit line from Inova could cover up to 90% of accepted project costs, with remaining costs financed by participating companies.
In 2013 Inova was opened to applications from private parties. In February 2014 the selection process was completed selecting 57 companies for the support in all three focus areas of Inova.[1]


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